Veterinary diagnostic imaging refers to tools that help veterinarians examine the internal structures of animals and diagnose medical conditions without surgery. With the increasing pet adoption and advances in diagnostic modalities such as X-ray, ultrasound, MRI, CT and endoscopy, veterinary diagnostic imaging has become integral to most veterinary practices. These imaging modalities enable accurate diagnoses of injuries, ligament tears and fractures.
The global veterinary diagnostic imaging market is estimated to be valued at US$ 962.7 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth in veterinary diagnostic imaging will be driven by the rising adoption of advanced imaging modalities like MRI and CT scanning. While X-ray and ultrasound have been used more widely, there is growing use of MRI machines for neurological scans and CT scanners for oncology. MRI allows for clearer visualization of soft tissues without radiation exposure and CT scanning provides 3D views of internal structures. As animal hospitals and specialty practices invest in sophisticated imaging equipment, it is boosting the diagnosis and treatment of various complex conditions in pets. The increasing ability to evaluate joint problems, tumors and brain lesions through imaging will further support veterinary diagnostic imaging market growth over the forecast period.
Segment Analysis
The global veterinary diagnostic imaging market is dominated by the radiography sub-segment. Radiography is considered as one of the most preferred diagnostic modalities by veterinarians owing to its affordability and ability to capture high-quality images without making the animals go under pain. With advancements in imaging technologies, high-resolution digital radiography (DR) systems have almost completely replaced traditional computed radiography (CR) systems owing to their benefits such as high image quality, faster access to images, ease of storage, and ability to transfer images digitally.
Key Takeaways
The Global Veterinary Diagnostic Imaging Market Size is expected to witness high growth over the forecast period owing to rising pet adoption as well as animal health awareness among owners. The global veterinary diagnostic imaging market is estimated to be valued at US$ 962.7 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030.
Regional analysis related content comprises
The Asia Pacific region is expected to be the fastest growing regional market for veterinary diagnostic imaging driven by rising pet populations as well as increasing per capita expenditures on pet healthcare across countries such as India and China. Growing number of veterinary hospitals and clinics are further driving the market growth in the region.
Key players related content comprises
Key players operating in the veterinary diagnostic imaging market are Esaote SPA, Epica Animal Health, IDEXX Laboratories, Carestream Health, IMV Imaging, Fujifilm Holdings Corp., Hallmarq Veterinary Imaging, and Canon Medical Systems Corporation. Key players are focusing on launching technologically advanced and portable imaging systems as well as software solutions to expand their market share.
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